Fitch affirms Bank of China (Hong Kong) at AA-; outlook stable

Fitch affirms Bank of China (Hong Kong) at AA-; outlook stable

Fitch Ratings has affirmed Bank of China (Hong Kong) Limited's (BOC HK) Long-Term Issuer Default Rating (IDR) at AA- and its Short-Term Issuer Default Rating (IDR) at F1. The outlook on the Long-Term IDR remains stable [1].

The rating affirmation reflects Fitch's view that BOC HK's liquidity and funding profile have improved, supported by the bank's strong capital position and robust profitability. Additionally, the bank's prudent risk management practices and strategic focus on digital transformation have contributed to its overall financial resilience.

Fitch's stable outlook on BOC HK's Long-Term IDR is based on the bank's continued ability to maintain a strong liquidity profile, despite potential headwinds from the global economic slowdown and geopolitical uncertainties. The stable outlook also reflects the bank's commitment to enhancing its risk management capabilities and diversifying its revenue streams.

The rating affirmation comes as BOC HK continues to expand its digital banking offerings, including the launch of its digital-only bank, Wealth Bank, in Hong Kong. The bank's digital transformation initiatives aim to enhance customer experience, improve operational efficiency, and drive growth in digital financial services.

Fitch will continue to monitor BOC HK's liquidity, funding, and risk management profile, as well as its strategic initiatives and market conditions, to assess any potential changes to the bank's ratings.

References:
[1] Fitch Ratings. (2025, July 2). Fitch Affirms Bank of China (Hong Kong) Limited at AA-; Outlook Stable. Retrieved from https://www.fitchratings.com/research/banking-finance/bank-of-china-hong-kong-limited-2025-07-02-1000000000